TransDigm Group (TDG) Announces Acquisition of Young & Franklin
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TransDigm to Acquire Young & Franklin Inc. and Tactair Fluid Controls Inc.
September 17, 2016 6:42 AM EDTCLEVELAND, Sept. 6, 2016 /PRNewswire/ --Â TransDigm Group Incorporated (NYSE: TDG) announced today that it has entered into a definitive agreement to acquire Young & Franklin Inc. ("Young & Franklin") and its subsidiaries, including Tactair Fluid Controls Inc. ("Tactair" Â and collectively with Young & Franklin, the "Company").
The Company manufactures proprietary, highly engineered valves and actuators. Revenues are anticipated to be about $75 million for the fiscal year ending December 2016 with aftermarket comprising approximately 70% of the revenue. Nearly 100% of the revenues are from proprietary products and about 70% of the revenue is aerospace related. The... More
